Thursday, November 28, 2024
oil-barrels-and-markets-482px Oil Prices Drop - Oil & Gas 360

OIL: I Think We’ve Hit Bottom – Dallas Fed’s Director of Research

Oil Price Shocks: Mine Yucel Addresses Denver Energy Group “It’s probably going to be a rough patch for the industry and the producing states for a while—till oil prices firm up. But I think we’ve hit bottom and we are slowly coming back up.” That was the analysis, in a nutshell, from Federal Reserve Bank of Dallas Senior VP and

Exxon Continues to Focus on the Long-term

Records 3Q production of 3.8 million boe/d, $2.7 billion earnings The world’s largest publicly-traded oil company gave its 3Q 2016 earnings call this morning. Jeff Woodbury, Vice President of Investor Relations, was on the call while CEO Rex Tillerson was not present. The company logged earnings of $2.7 billion, a 38% decline from 3Q 2015, as well as capital and

Total Outperforms Peers, Upstream Buoyed by LNG Business

Total: “positioned to be the most profitable European major oil company” French oil major Total (ticker: TOT) reported its third quarter earnings today. The company has continued to send the same message every quarter, focusing on increasing production and declining operational costs and capital spending. “We expect the environment to remain volatile but based on our 2015 and first half